Disclosure for change in management due to appointment and resignation of CFO
Awaiting price reaction for this filing.
Mahan Industries' board, at its meeting on November 12, 2025, approved the unaudited financial results for Q2 and H1 of FY2025-26 (ended September 30, 2025) along with the limited review report from statutory auditors SDPM & Co. Separately, Mr. Sunil Prataprai Gumani resigned as Chief Financial Officer citing personal reasons, effective from close of business on November 12, 2025, though he has requested to be formally relieved by November 30, 2025. To fill the vacancy, the board appointed Mr. Niranjan Jain as the new CFO with effect from November 12, 2025. Niranjan Jain is a qualified Chartered Accountant with over 10 years of experience in finance, accounting, taxation, audit, corporate governance, and strategic financial management, and he is already serving as a Director on the company's board.
The CFO change appears to be a routine transition with a qualified replacement already in place, so it should not materially affect operations. The simultaneous approval of Q2/H1 financials suggests business continuity, though investors should watch for any management commentary tied to the results for further clarity.